Montag A & Associates Inc. Has $354,000 Stock Position in GE Aerospace $GE

Montag A & Associates Inc. reduced its holdings in shares of GE Aerospace (NYSE:GE) by 71.6% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,375 shares of the company’s stock after selling 3,474 shares during the quarter. Montag A & Associates Inc.’s holdings in GE Aerospace were worth $354,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. IMA Advisory Services Inc. acquired a new position in shares of GE Aerospace during the 1st quarter worth about $28,000. Nova Wealth Management Inc. acquired a new stake in shares of GE Aerospace in the first quarter valued at about $29,000. IMG Wealth Management Inc. raised its holdings in GE Aerospace by 113.5% during the second quarter. IMG Wealth Management Inc. now owns 111 shares of the company’s stock worth $29,000 after acquiring an additional 59 shares in the last quarter. Wealth Preservation Advisors LLC acquired a new position in GE Aerospace during the first quarter valued at approximately $30,000. Finally, Financial Network Wealth Advisors LLC grew its stake in GE Aerospace by 81.9% in the first quarter. Financial Network Wealth Advisors LLC now owns 171 shares of the company’s stock valued at $34,000 after purchasing an additional 77 shares in the last quarter. Institutional investors own 74.77% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Bank of America upped their price objective on GE Aerospace from $310.00 to $365.00 and gave the stock a “buy” rating in a research note on Monday, October 27th. Wall Street Zen raised shares of GE Aerospace from a “hold” rating to a “buy” rating in a research report on Saturday, October 25th. Sanford C. Bernstein reissued an “outperform” rating on shares of GE Aerospace in a research report on Monday, October 27th. Royal Bank Of Canada upped their target price on shares of GE Aerospace from $300.00 to $340.00 and gave the company an “outperform” rating in a report on Friday, October 17th. Finally, TD Cowen raised their target price on shares of GE Aerospace from $300.00 to $330.00 and gave the company a “buy” rating in a research note on Tuesday, October 7th. Fifteen analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $301.27.

GE Aerospace Stock Performance

GE opened at $308.53 on Thursday. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.08 and a quick ratio of 0.76. The business has a fifty day simple moving average of $298.97 and a 200 day simple moving average of $266.95. GE Aerospace has a 1 year low of $159.36 and a 1 year high of $316.67. The company has a market capitalization of $325.44 billion, a PE ratio of 41.19, a price-to-earnings-growth ratio of 3.09 and a beta of 1.56.

GE Aerospace (NYSE:GE) last posted its quarterly earnings data on Tuesday, October 21st. The company reported $1.66 earnings per share for the quarter, topping the consensus estimate of $1.46 by $0.20. The firm had revenue of $11.31 billion for the quarter, compared to analysts’ expectations of $10.29 billion. GE Aerospace had a return on equity of 34.01% and a net margin of 18.34%.The company’s quarterly revenue was up 26.4% compared to the same quarter last year. During the same quarter last year, the business earned $1.15 EPS. GE Aerospace has set its FY 2025 guidance at 6.000-6.200 EPS. Research analysts expect that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 27th. Shareholders of record on Monday, September 29th were issued a $0.36 dividend. The ex-dividend date of this dividend was Monday, September 29th. This represents a $1.44 dividend on an annualized basis and a yield of 0.5%. GE Aerospace’s payout ratio is currently 19.23%.

GE Aerospace Profile

GE Aerospace (also known as General Electric) is a company that specializes in providing aerospace products and services. It operates through two reportable segments: Commercial Engines and Services and Defense and Propulsion Technologies. It offers jet and turboprop engines, as well as integrated systems for commercial, military, business, and general aviation aircraft.